ICICI Bank Mine Credit Card

Fee

Joining Fee: LTF
Annual Fee: LTF

Type

Cashback

Return

1% to 5%

Rating

2/5

Issued On

Mastercard

Benefits

Domestic Airport Lounge Access, Railway Lounge Access, Fuel Surcharge Waiver

Table of Contents

ICICI Bank is not exactly known for having rewarding credit cards. The Payback reward system used by ICICI credit cards is what makes them not so attractive. But, its Amazon Pay co-branded card was a big hit for its simple rewards. ICICI Bank Mine credit card follows the same line. It is a credit card for Millennials that offers simple cashback. In this article, we review the ICICI Bank Mine credit card and see how it compares to others in the same segment.

Fees and Charges

Mine is a freemium credit card. The basic variant is Lifetime Free (LTF). The other two variants have a monthly fee but we get better cashback and benefits on those.

LTF IndusInd Bank Credit Cards
  • STARTER – Free
  • PRO – Rs 49 fee/month waived on spending Rs 10000 in a month
  • PREMIUM – Rs 149 fee/month waived on spending Rs 20000 in a month

Rewards

Spend CategoryStarter Plan CashbackPro Plan CashbackPremium Plan Cashback
All retail spends1%1%1%
Zomato, Swiggy, Gaana, BookMyShow, Amazon Prime, PVR, Inox, Ola, Big Basket, Grofers1%5%5%
Amazon, Goibibo, MakeMyTrip, Fitternity, Myntra, Furlenco1%1%5%
ICICI Mine Credit Card Review – Cashback

Maximum Cashback

There is a cap on the cashback and it varies as per the plan.

  • STARTER – Rs 100/month
  • PRO – Rs 200/month
  • PREMIUM – Rs 750/month

Benefits

BenefitStarter PlanPro PlanPremium Plan
Fuel Surcharge Waiver on all HPCL pumpsAvailableAvailableAvailable
1 Railway Lounge Access/MonthNot availableAvailableAvailable
1 Domestic Airport Lounge Access/MonthNot availableNot availableAvailable
ICICI Mine Credit Card Review – Benefits

ICICI Mine credit card vs the competition

Today we have many entry-level cards that offer excellent rewards for low or zero annual fees. For example, Axis Ace offers 2% on all spending and 5% on bill payments – no cashback cap on both. ICICI’s Amazon Pay card is LTF and offers 1% to 5% rewards without any cap. Some other better credit cards are Flipkart Axis and HDFC Millennia.

The monthly fee waiver on the Mine card is another issue. Our credit card spending spikes during the festive season. So spend waivers and cashback caps always make more sense at an annual level. Wonder what ICICI Bank was thinking here!

LTF IDFC First Bank Credit Cards

If ICICI Bank wants to target millennials with the Mine credit card, it needs to simplify the card.

Axis Bank My Zone Credit Card LTF
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3 thoughts on “ICICI Bank Mine Credit Card”

      1. Card Maven

        Yes. All cards get reported to CIBIL. Sometimes, there is a delay of 3 to 6 months before they start reporting new accounts. We can always email ICICI Bank and ask them to report sooner.

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